Bitcoin price predictions pulled back
This crypto money giant, which has started to make very strange movements recently, is closely followed by investors.
Known as the world's largest cryptocurrency, Bitcoin is on the agenda with its price predictions. If we look at the constantly updated forecasts, the bull run may be delayed a little. In 2017, the historical bull run took place and the crypto money giant went up to the level of 20 thousand dollars. This was indeed an unexpected move.
In 2021, Bitcoin made similar moves again. It reached the level of 64 thousand dollars at the beginning of the year. Immediately after, it fell to 28 thousand dollars with a sharp decrease. It is currently trying to exceed $58,000. But the resistance he encounters constantly drags him down. Many analysts have therefore had to postpone their bull forecasts.
Some of the cryptocurrency analysts are huge bull fans. For them, in December 2021, Bitcoin can reach the level of 170 thousand dollars. However, given the current situation, we can say that this is almost impossible. Even though the market was changing very quickly, still conditions changed.
Fear of the new closure and the thought that the economy will be negatively affected have pulled back the predictions about Bitcoin. For the end of 2021, the theory of $ 70,000 for now is floating around. When the fear and greed index is examined, it is seen that there is an excessive fear. Bitcoin price predictions therefore remain lower.
The rise in the value of cryptocurrencies also brings change in other digital assets.